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Q. What is a three-tier drug benefit or formulary/preferred drug list?
A. A formulary/preferred drug list identifies drugs a physician may wish to consider when deciding which drug to prescribe. Tiered drug plans can help save money when customers use less expensive drugs. A formulary/preferred drug list:
- Promotes appropriate and cost-effective therapy.
- Provides physicians with information about other available drug therapies.
- Gives information that may help in discussing medications with physicians and pharmacists
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